The DOWN move looks impulsive :eek: . There may be a rebound as wave b soon, then down again. Target SPX 1160.
Prechter's Steven Hochberg has been so utterly horrible in his weekly short-term updates that he is bound to be RIGHT finally. Perhaps we have an A-B-C flat that started back on April 19th with a (b) that made a new high for the move and a (c) move yesterday before Wave 5 to the upside . . . and a final high in May. Full Moon today too.
The Market is stronger than expected :eek: . Wave 3]2) might have ended after the 3% correction. Wave 3]3) may go UP to SPX 1300 . Or ? We are still in Wave 2] which would go DOWN to SPX 1050 .
Fifth subwave of fifth subwave of wave c . Wave .3 might have started . But the :a-:b-:c might really be Wave :1-:2-:3 of Wave .1 of Wave 1 of Wave 3]1) .